Global Frozen Bakery Products Market
By Technology (Ready-To-Bake, Raw Material, Ready Baked & Frozen), By Distribution Channel (Retail, Artisan Bakers), By Type (Pizza Crusts, Breads, Cakes and Pastries, Other Frozen Bakery Products), By Region (North America, Asia Pacific, Europe, Rest of World)
The Global Frozen Bakery Products Market was valued at 18.72 billion in 2019 and is projected to reach USD32.51 billion by 2027, growing at a CAGR of 7.70% from 2020 to 2027.
The Frozen Bakery Products market is expected to grow drastically over the coming years. In comparison to traditional bakery products, frozen bakery can be stored for a much longer time. Frozen products such as cakes, pizza, pastries etc. have high market share due to the high consumption rate by the population. A few features of frozen bakery products include better quality after stored, easily available and environmental manufacturing process. Looking at the demand for processed food in today’s scenario, the demand for frozen products is going to increase in the coming years.
1. Market Drivers
1.1 Emerging Economy
1.2 High demand for processed foods.
1.3 Need of more retail chains.
1.4 Consistency in taste.
2. Market Restraints
2.1 Fluctuating prices of raw materials
2.2 Preference of fresh baked products instead of frozen products.
2.3 Consolidated market.
The Frozen Bakery Product Market is segmented on the basis of Technology, Distribution Channel, Type and Region.
1. By Technology:
1.1 Ready-To-Bake (Partially Baked Frozen Products)
1.2 Raw Material (Frozen Dough)
1.3 Ready Baked & Frozen (Fully Baked Products)
2. By Distribution Channel :
2.1.1 Convenience Stores
2.1.2 In-Store Bakeries
2.1.3 Supermarkets & Hypermarkets
2.2 Artisan Bakers
3. By Type:
3.1 Pizza Crusts
3.3 Cakes & Pastries
3.3.3 Pies & Tarts
3.3.4 Sponge Cakes
3.4 Other Frozen Bakery Products
4. By Region :
4.1 North America
4.3 Asia Pacific
4.4 Rest of World
The major players in the market are as follows:
1. Grupo Bimbo S.A.B. De C.V.
2. Europastry, S.A.
3. General Mills Inc
4. Associated British Foods PLC
5. Conagra Brands, Inc.
6. Lantmannen Unibake International
7. Kellogg Company
8. Vandemoortele NV
9. Premier Foods PLC
10. Aryzta AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on Frozen Bakery Products Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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